U.S. concentration of wealth

Charles Brown CharlesB at CNCL.ci.detroit.mi.us
Mon Nov 6 08:50:28 PST 2000


A new Federal Reserve Board study (Oct 25, 2000) of the growing concentration of wealth in the United States is at <http://www.federalreserve.gov/pubs/oss/oss2/method.html> The top 1% now own 34% of total national wealth, up from 30% in 1992. The top 1% now own more than bottom 90%. This study is the basis for an article in the November 6, 2000, American Prospect magazine, "A Better Kind of Wealth Tax."



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